Having been exposed to the volatility and unpredictability of industrial conditions, Craig Scott Capital has developed a Business Continuity Plan to ensure clients that their partnership with the company endures even the worst-case scenarios and events that will threaten the continuity of their operations. This concept paved the way to creating a flexible, direct-response disaster management solution for Craig Scott Capital’s comprehensive operations. The plan involves a series of predefined steps that work cohesively for a guaranteed stable client-company partnership.
The plan is primarily focused in safeguarding most of the firm’s valuable assets from any operational risks in order for the firm to quickly recuperate even from the most serious industrial backlash. Some of these company assets that need protection include the following:
1. The workforce is undeniably a valuable asset to the firm. Without sufficient workforce to complete business operations, it would be difficult for the company to rise from any business disruption. As every employee working for the company provides the much needed skill sets and expertise to successfully deliver every single operational process into the business, Craig Scott Capital would not only spend a substantial amount of resources just to replace their employees, they will also deal with the problem much longer than what they should if a Business Continuity Plan was adopted.
2. Most business disaster relate to the financial and operational conditions of an organization, where growing problems are left unobserved and unattended. Craig Scott Capital is focused in performing financial and operational assessments with regards the company’s general status in the industry. When problems are identified quickly, it would be easier for Craig Scott Capital to provide solutions and prevent possible complications.
3. Data recovery and backup plan is also an important aspect that the company incorporates in its Business Continuity Plan. The company prepares alternative solutions to ensure that company books and records are safe, both from contrived and natural fortuitous events. The plan discusses alternate storage location for tangible company files, and backup database for electronic data.
4. Continuous client transaction is also an important part of the company’s Business Continuity Plan. Craig Scott Capital ensures that there are alternative transaction channels made available for their clients by the time business disruption becomes inevitable. Clients will be given direct access to their investment and fund accounts while major suppliers are also reassured of a steady supply chain for Craig Scott Capital.